acquisition The oldest executive at TCF Financial Corporation is VanceOpperman, 77, who is the Lead Independent Director. is the Exec. The estimated net worth of Gary Torgow is at least $32 Million dollars as of 2023-04-26. Huntington Bancshares Inc (HBAN)'s detailed insider trading history can be found in Insider Trading Tracker table. DTE Energy Co (DTE)'s detailed insider trading history can be found in Insider Trading Tracker table. Theodore Bigos Net Worth (2023) | wallmine Gary Torgow is a talented businessman, author, and community leader. of 0 shares. Contents Net worth Podcast Dominick Montiglio net worth 345 Thousand Millions of dollars 73% Net worth score Disclamer: Dominick Montiglio net worth displayed here are calculated based on a combination social factors. Fundamental company data provided by Morningstar, updated daily. He has served on the Detroit Crime Commission and the Levin Center of Wayne State Universitys Law School. also The company and its subsidiary banks, Talmer Bank and Talmer West Bank are subject to extensive banking regulations that impose restrictions on and provide for general regulatory oversight of their operations. , Other key executives at DTE Energy Co include Gary Torgow has served as a volunteer on numerous civic and communal boards, including the Detroit Economic Growth Corporation and the Michigan Civil Rights Commission, both of which he served as Chairman. After merging, the group now has dual headquarters in both Detroit, Michigan and Columbus, Ohio. of In a phoneinterview Wednesday, McQuade said the development/landlord arrangement involving Torgow's children is agood deal at a fair price for what will be a marquee building forthe bank,and shedoes not believethat it constitutes any self-dealing on the part of GaryTorgow. Itis unrelated to the former Chemical Bank out of New York that existed from 1824 to 1996. As of December 31, 2019, the company had 520 branches, including 396 traditional branches, 121 supermarket branches, and three campus branches located in Michigan, Illinois, Minnesota, Colorado, Ohio, Wisconsin, Arizona, and South Dakota; and 1,099 ATMs. He is a member of the Executive Board of Business Leaders of Michigan, the Detroit Regional Partnership and the Detroit Economic Growth Corporation. Gary Torgow atfirst tried to dissuade him from thatlocation for the new building. He made money during the Great Recession by. Follow him on Twitter @jcreindl. Chairman at TCF. TCF Financial is a bank and financial services provider operating throughout the United States and Canada. Founder of The Sterling Group, Inc., Gary H. Torgow is a businessperson who has been at the head of 7 different companies and is Executive Chairman at TCF Financial Corp. Mr. Torgow is also Chairman for Yeshiva Bais Yehudah and Member of State Bar of Michigan and on the board of 6 other companies. The retail space will start at $50 per square footand each of the311 parking spots will go for $300 per month. We. He was born on November 2, 1962, in Los Angeles, California. Only the transactions in Open Market or Private Sale at the market prices are included. By ZVIKA KLEIN Published: SEPTEMBER 25, 2022 07:45 Gary Torgow has had an impressive career in the business world. Once the TCF merger is done, Gary Torgow plans to stay on as executive chairman of the post-merger bank's board of directors. To be detailed, the average return of stocks after 3 months bought by Gary Torgow is 10.21%. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Board members at one pointdiscussed the idea of nixing the deal, she said, because of the possible perception thatthere was something improper, but they ultimately decided the dealwas too goodto pass up. degree and a J.D. The property consistsof two parcels that currently contain a surface parking lot and a to-be-demolished office building. There are 5 executives at TCF getting paid more, with ThomasShafer having the highest compensation of $7,563,640. have a combined weighting of 0.91% among all his current holdings. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Skype (Opens in new window), Click to email a link to a friend (Opens in new window). , Gary Torgow: My maternal grandfather, Manuel Merzon, a"h, emigrated from Russia to the United States in 1918 as a sixteen-year-old orphan. has served as a volunteer on numerous civic and communal boards, including the Detroit Economic Growth Corporation and the Michigan Civil Rights Commission, both of which he served as Chairman. Gary H. Torgow received a graduate degree from Wayne State University Law School and an undergraduate degree from Yeshiva University. TCF executives and other stock owners filed with the SEC include: wallmine & ndash; . The average asking rentdowntownfor all Class A office spaceduring the first quarter was $25.60 per square footon a gross basis, which isa slightly higherdollar amountthan pricesintriple net leases like Chemical Bank's, according to data from Newmark Knight Frank. Click here to see the complete history of Gary Torgows form 4 insider trades. Among these stocks, Gary is a member of the Executive Board of Business Leaders of Michigan and is a Trustee and Board member of the Community Foundation of Southeastern Michigan. The bank ultimately decided that it wanted thevisibility thatwould come with itsown building, he said. & COO - DTE Gas Company Joi M. Harris Get notification with the latest net worth updates for free. What is Gary Torgow's Net Worth? and GuruFocus.com is not operated by a broker or a dealer. 2023 Huntington Bancshares Incorporated. is also a Trustee of the Skillman Foundation, a private philanthropy group that serves as a champion of Detroit children. It has 87 branch offices. Nonetheless, his net worth can vary significantly from the information given on this page. Prior to his work with Talmer Bancorp and Chemical Financial Corporation, Torgow founded and chaired Sterling Group, a real estate, development, and investment company based in Michigan. Other recent insider transactions involving Huntington Bancshares Inc (HBAN) include Among his accolades are the NAACPs Fannie Lou Hamer Keeping the Spirit moving Award, and the Frank A. Wetsman Leadership Award from the Jewish Federation of Metropolitan Detroit. Gary Torgow net worth Apr, 2023 - People Ai TCF Financial Corp (TCF) What is the salary of Mr D? As the Exec. There are 5 executives at TCF getting paid more, with ThomasShafer having the highest compensation of $7,563,640. Gary Torgow: Many of us in society don't experience the fear in humiliation of getting stopped by law enforcement simply because of the color of our skin. acquisition Gary Torgow has been awarded numerous awards, including the Fannie Lou Hamer Keeping the Spirit Moving Award. Moreover, he serves on the boards of the Community Foundation of Southeastern Michigan and Blue Cross Blue Shield of Michigan. Above is the net worth, insider trading, and ownership report for Gary Torgow. Mr. Torgow is well known throughout Michigan for his business and philanthropic activities. Mr. Torgow previously was Chairman at Detroit Economic Growth Corp., Chairman of The Sterling Group, Inc., Chairman of Chemical Financial Corp., Chairman at Talmer Bancorp, Inc., Chairman at Talmer West Bank, Member-Executive Board at Business Leaders For Michigan and Director at Jewish Federation of Metropolitan Detroit. The current estimated net worth of Huntington Bancshares Inc's Director, Gary Torgow, is estimated to be about $28.2M . of 0 shares. Under the bank's22-year triple net lease, it will pay office rents to GPC Adams starting at $35 per square footand rising 2% each year. He was the first lawyer to wear a yarmulke in the courts in the '40s. Its loan offices cover five Midwest states. Gary Torgow is also a Trustee of the Skillman Foundation, a private philanthropy group that serves as a champion of Detroit children. sale Forbes richest Americans list includes 11 from Michigan - The Detroit News Sterling Group was founded by Gary Torgow, initially to develop under-utilized and/or under-performing residential a. The corporate entity will be the general contractor for the project. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. He has also served on boards for the Jackson National Life Insurance Company of New York and the Community Foundation of Southeastern Michigan. Recent disclosures by Chemical Bank, apublicly traded company that was formerly based in Midland, show that Torgow's five children own 50% of thecorporate entity that will be thedeveloper and general contractor forthe bank'snew Detroit headquarters. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Shafer saidthat he approached GPC Adams about the Woodward Avenue site. Jacob Torgow Email & Phone Number - Sterling Gr.. | ZoomInfo Mr D is 63, he's been the Exec. . The company has purchased several landmark properties throughout southeast Michigan. Sterling Group is part of the Real Estate industry, and located in Michigan, United States. Torgow is the chairman of the board of directors. Chemical Bank officials said the other 50% ofGPC Adams that isn't owned by the Torgow children belongs to a New York investment group. "And hesaid 'make sure you do all your homeworkand make sure you fully understand that piece of property and the marketplace,and if theres another property that meets your needs, Id rather have you go in that direction.' Talmer Bancorp Inc (TLMR)'s detailed insider trading history can be found in Insider Trading Tracker table. The majority of branches are concentrated in the U.S. Midwest, Colorado, Arizona, and South Dakota. They work towards this goal in two main areas: Education and Economic Well-Being. Gary Torgow As the Exec. Huntington Bancshares is a regional bank holding company headquartered in Columbus, Ohio. , before they acquired TCF Financial Corporation and adopted the name. DTE Energy Co (DTE) of 2,200 shares made by Lisa A. Muschong It is one of the top 10 U.S. regional banks. the Director of Huntington Bancshares Inc and owns about 911,250 shares of Huntington Bancshares Inc (HBAN) stock worth over $10 Million. The company has recently acquired several landmark properties in southeast Michigan. Gary Torgow - Insider Trading Tracker - Fintel Gary Howard Torgow J.D. sale The most-recent trade in Chemical Financial Corp is the He is the Chairman of the Board of Directors of Sterling Group, a real estate development and investment firm in Detroit. a net Their total net worth jumped 18 percent to a record $7.67 trillion over last year, reported the publication. It operates through Consumer Banking, Wholesale Banking, and Enterprise Services segments. 1,800 shares on February 9, 2016, which He was appointed to the board of directors of TCF Financial Corporation upon completion of the merger between Chemical Financial Corporation and legacy TCF Financial Corporation on August 1, 2019. DTE Energy owns two regulated utilities in Michigan that contribute 90% of earnings. They work towards this goal in two main areas: Education and Economic Well-Being. In addition, the company offers investment management and custodial, trust, and financial and estate planning services; retirement planning and employee benefit programs; and cash management, international trade finance, foreign exchange management, and loan syndication services, as well as sells investment products, such as annuity products and mutual funds. The company offers checking, savings, and money market accounts; certificates of deposit; and individual retirement accounts. During his tenure, the company's value grew from a little over $1 billion to about $30 billion. Net Worth . Please only use it for a guidance and Michael Tibbetts's actual income may vary a lot from the dollar amount shown above. and Your Company Administrator is the only individual able to reset your password. Mr. DTE Energy Co (DTE) Gary Torgow Net Worth. 2004-2023 GuruFocus.com, LLC. "Earlyin the process, I disclosed that I hada conversation with a developer on this property," Shafer recalled in a phone interview. All Rights Reserved. The Key Factors of an Excellent Credit Score. Pres. In order to determine his total wealth, there are several different factors. Today he serves as the. However, his net worth is estimated to be in the millions. Details can be seen in Gary Torgow's Latest Holdings Summary section. Millions of dollars. Disclamer: Gary Torgow net worth displayed here are calculated based on a combination social factors. SEVP of Significant Subsidiary Thomas C Shafer Their work includes strengthening K-12 public education, afterschool learning opportunities, and college and career pathways. 10,100 shares on June 13, 2019, which Gary has 1 job listed on their profile. Mr. Torgow holds a bachelors degree in history from Yeshiva University and a law degree from Wayne State University. 1 transactions in Chemical Financial Corp (TCF) over the past 5 years, including 1 buys and 0 sells. In addition, he is a trusted advisor in many communities. During the past 18 months, 0 shares of Odd Job Stores Inc (ODDJ) were sold and 0 shares were bought by its insiders, resulting in a net Gary Torgow net worth 364 Thousand Millions of dollars 73% Net worth score Disclamer: Gary Torgow net worth displayed here are calculated based on a combination social factors. When a merger with another financial institution is made, it is expected to create more jobs. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Gary Board previously served on the board of Jackson National Life Insurance Company of New York. , Gary Howard Torgow J.D. He has received many awards, including the NAACPs Fannie Lou Hamer Keeping the Spirit Moving Award. Ron McGovney Net Worth - digital idea times It offers savings on cards and stationary, books, health and beauty aids, food, toys, hardware. Gary Barlow net worth Sunday Times Rich List 2022 Hes been a featured speaker at some of the nations most notable institutions and events. Please only use it for a guidance and Gary Torgow's actual income may vary a lot from the dollar amount shown above. Gary Torgow - Biography - MarketScreener.com [11] On Jan 25, 2019, Governor Gretchen Whitmer designated Torgow as one of her emergency interim successors. In addition, it plans to invest $30 million in public development subsidies, including $16.7 million in brownfield incentives. "As Gary had nothing to do with (the) transaction he has nothing to say about it," Wennerberg said in an email. DTE Gas serves 1.3 million customers throughout the state. Chief Operating Officer Thomas C Shafer Managing Dir - Corp Dev Bradley S. Adams Gary Torgow Net Worth (2023) - GuruFocus.com The Torgow family has deep ties to the city of Detroit. Chairman of TCF since . owns 104,777 shares of Chemical Financial Corp (TCF) as of June 13, 2019, with a value of $4 Million and a weighting of 12.41%. purchase He also serves on the board of DTE Energy Company and Blue Cross Blue Shield of Michigan. According to wikipedia, Gary Torgow was born on August 15, 1990. The board unanimously approved the arrangement with the younger Torgows. Mr. Torgow is Chairman of the Mosaic United Steering Committee, an Israeli Jewish Initiative for the benefit of the Diaspora Jewry. There are 5 executives at TCF getting paid more, with Thomas Shafer having the highest compensation of $7,563,640. Vice Chairman Gary S Collins The combined company and bank operates under the Huntington name and brand. Areal estate report for Chemical Bank,done in March byCushman & Wakefield, says the bank'soffice rentwould actually beslightly below market value in 2022,on the assumptionthatmarket conditions in downtown will rise11%between now and then. Torgow is on the boards of Blue Cross Blue Shield of Michigan,[4] DTE Energy,[5] Community Foundation of Southeastern Michigan,[6] Business Leaders for Michigan,[7] Jewish Federation of Metropolitan Detroit,[8] and the Detroit Regional Partnership. stocks. sale owns 748,690 shares of Talmer Bancorp Inc (TLMR) as of February 9, 2016, with a value of $17 Million and a weighting of 55.03%. Among them are his assets, his employment, his social activities, and his public records. In summary, during the past 3 months, insiders sold 0 shares of TCF Financial Corp (TCF) in total and bought 0 shares, with a net "This is not a negative story. Jesse Jackson. No. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Meet Florida's 50 highest-paid CEOs - Tampa Bay Times The bank says its 13-member board of directors has unanimously approvedthe arrangement involving the five youngerTorgows. Michael Tibbetts net worth and salary income estimation In summary, during the past 3 months, insiders sold 0 shares of Huntington Bancshares Inc (HBAN) in total and bought 20,000 shares, with a net Gary Torgow has had an impressive career in the business world. According to Gary Torgow, the deal is a win-win situation for both the corporation and the city of Detroit. Gary Howard Torgow J.D. Chairman at TCF. Republican Party (United States) net worth, United States House of Representatives net worth, United States Department of the Treasury net worth, Royal National Lifeboat Institution net worth, Royal Society for the Protection of Birds net worth, New York City Department of Buildings net worth, National Grid Corporation of the Philippines net worth, CORRUPTION: What happened to Grant Solomon? Gary Howard Torgow J.D. During the past 18 months, 0 shares of Talmer Bancorp Inc (TLMR) were sold and 0 shares were bought by its insiders, resulting in a net Gary Torgow Chemical Bank Chief Marketing OfficerTom Wennerberg referred the Free Press to Elie Torgowfor the identity of the New York group. ". Gary Torgow owns about. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Base pay: $900,000 Stock options and awards: $15.6 million Other: $2 million Perks: $24,000 car. Gary Torgow: Chairman of the Board of Directors, The Huntington Gary Torgow is It will bring approximately 300 to 350 employees to the new headquarters. Gary Torgow currently owns a total of 4 , The couple jointly owns the Detroit Red Wings; he . Besides these, Gary Torgow also holds The company face competition in from many other financial institutions. December 12, 2022 by Cindy. Gary Torgow is married with five children. In summary, during the past 3 months, insiders sold 0 shares of Talmer Bancorp Inc (TLMR) in total and bought 0 shares, with a net Gary Torgow wasn'tpresent during any board votes ormeetings that involved the GPC Adams deal,bank officials said. He also serves as chairman of Mosaic United, and as board president for Yeshiva Beth Yehudah school. sale "We approved it because we thought it was a transaction that was beneficial to the bank," McQuade said. Cushman & Wakefield's report used acomparison sample of properties that included the new Google offices at Little Caesars Arena, where the tech giant signed a 10-year lease in October for the equivalent of $36 per square foot, albeit with a below-market deal on parking at only $125 per month per space. TCF Financial Corporation was founded in 1923 and is headquartered in Detroit, Michigan. As the Exec. a net Chief Operating Officer Thomas C Shafer He was appointed to the board of directors of TCF Financial Corporation upon completion of the merger between Chemical Financial Corporation and legacy TCF Financial Corporation on August 1, 2019. of 20,000 shares. It also offer online banking and bill payment services, online cash management, safe deposit box rentals, debit card and ATM card services and the availability of a network of ATMs for their customers. He is also a member of the Board of Trustees of Beaumont Health Trustees. DTE Energy Co (DTE) of 0 shares. In the interim, it will operate under the Huntington brand. Even before the acquisition, TCF was the largest bank headquartered in Michigan. As part of the merger, he and Provost are to get about$5million each worth of stock as "golden parachute" compensation, which will vest at later dates when they leave the bank, according to corporate filings. , is the Exec. The company has purchased several landmark properties throughout southeast Michigan. The company offers checking, savings, and money market accounts; certificates of deposit; and individual retirement accounts. Gary Torgow is the director of Odd Job Stores Inc. His five children are currently building a new 20-story headquarters in downtown Detroit, charging top-of-market rents. Before joining Talmer, Mr. Torgow founded and chaired the Sterling Group, a Michigan-based real estate, development, and investment company. According to the SEC Form 4 filings, Gary Torgow has made a total of 37 on The Jerusalem Post's Top 50 Most Influential Jews of 2022: Gary Torgow, chairman of the Mosaic United steering committee. Other recent insider transactions involving DTE Energy Co (DTE) include , of 0 shares. The new building will cost $104 million. Please only use it for a guidance and Gary Torgow's actual income may vary a lot from the dollar amount shown above. , Chairman of TCF, the total compensation of Mr D at TCF is $2,391,244. Gary Howard Torgow J.D. Net Worth (2023) | wallmine See. Celebrities more often then not want to keep their love affairs secret, if you happen to know the name of Gary Torgow's partner, please leave a comment in the section below. Chemical Bank has been the largest bank in the state of Michigan. Since it is a merger, he believes it will help make the citys economy stronger. Ron McGovney Net Worth . The singer has reportedly earned an impressive wealth of 105million. He is also a trustee of the Skillman Foundation, which works in education. In addition, DTE has nonutility businesses and investments including energy marketing and trading, renewable natural gas facilities, and on-site industrial energy projects. Its product line includes loans to small and medium-sized businesses, residential mortgage loans, commercial real estate loans, residential and commercial construction and development loans, consumer loans, home equity loans, agricultural loans, and a variety of commercial and consumer demand, savings and time deposit products. Odd Job Stores, Inc sells value-oriented consumer products at a broad range of price points offered at a substantial discount to the original retail price. How to Run Your Warehouse More Efficiently, Every Amazing Host Knows These Secrets to Impressing Guests. sale . TCF Financial Corporation was founded in 1923 and is headquartered in Detroit, Michigan. Gary Torgow It also provides consumer loans; loans secured by personal property, as well as unsecured personal loans; commercial and industrial loans; commercial real estate loans; lease and equipment financing products; inventory financing products; and residential, consumer, and small business lending products. Gary Torgow is Chairman at The Huntington National Bank, a two-time author, and an active community leader in Detroit, Michigan. Even before the acquisition, TCF was the largest bank headquartered in Michigan. Senior Exec. These factors are then combined to produce an overall estimated net worth. More:What you should know about the banker behind Chemical-TCF merger, More:Chemical Bank to raze downtown Detroit building for new headquarters, More:Chemical Bank to merge with TCF Financial Corp., change name. Additionally, he serves as . It is illegal for insiders to make trades in their companies based on specific, non-public information. Over the past 18 months, Sterling Group. He founded the Sterling Group, a real estate development and investment firm in Detroit. sale Gary Torgow around $248,316. Read more on business and sign up for our business newsletter. Mr. Huntington Relationship Money Market Account, Huntington SmartInvest Money Market Account. Whitmer Designates Emergency Interim Successors", https://en.wikipedia.org/w/index.php?title=Gary_Torgow&oldid=1064943965, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 11 January 2022, at 00:43.